Citibank will move the head of its Los Angeles investment banking office, Vikram Bhardwaj, to Hong Kong to helm its consumer investment banking for the Asia-Pacific region, according to an internal memo obtained by Reuters.
Bhardwaj will also lead the U.S. bank's healthcare coverage for the Asia-Pacific, the memo said, and he will relocate to Hong Kong in September. He will report to Farhan Faruqui, head of corporate and investment banking for the Asia-Pacific.
Bhardwaj fills the role vacated by Pradeep Rao, who left Citi earlier this year.
A spokesman confirmed the contents of the memo.
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